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sweet-ann [11.9K]
3 years ago
10

What does a demand curve illustrate? products that are most in demand quantities demanded at each price by consumers differences

in demand for different products differences in price charged by different stores
SAT
2 answers:
Harrizon [31]3 years ago
5 0

A demand curve illustrates <em>quantities demanded by consumers at each price</em>.

Goshia [24]3 years ago
4 0

Answer:

Explanation:

A demand curve

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Serum cholesterol levels of 100 hypertensive patients were recorded. Mean cholesterol level was 190 mg/d1. The data was symmetri
xxTIMURxx [149]

The standard error is 1.5.

The range of 95% confidence interval is 160 mg/dL and 220 mg/dL

<h3>What is the standard error of the distribution?</h3>

The standard error of the distribution is calculated as follows:

  • Standard error = standard deviation/√N

where N is the number of participants = 100

From the empirical rule of a normal or symmetrical distribution;

  • 68% of the data lies within one standard deviation
  • 95% percent within two standard deviations, and
  • 99.7% within three standard deviations from the mean.

Therefore,  175 mg/dl and 205 mg/dl lie one standard deviation from the mean.

One standard deviation = 175 - 190 or 205 - 190 = ±15

Standard deviation = 15

a. Solving for the standard error using the equation above;

Standard error = 15/√100

Standard error = 1.5

b. The range of 95% confidence interval is two standard deviations away from the mean.

Range of values two standard deviations from the mean = 190 - (2*15) and 190 + (2 * 15)

Range of values two standard deviations from the mean = 160 mg/dL and 220 mg/dL

Therefore, the range of 95% confidence interval is 160 mg/dL and 220 mg/dL

In conclusion, the standard error is calculated from the standard deviation and the sample size.

Learn more about standard error at: brainly.com/question/14467769

#SPJ1

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